Share Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending. In late 2008, we saw consumer confidence reach a 15 year low, as measured [...]
Share Canada’s housing boom will continue this spring as we see exceptionally low mortgage rates, and the expectation that borrowing costs will be raised, have added a sense of urgency to consumer buying. Scotiabank recently releases a global real estate trends report that predicts most Canadian regions will remain sellers’ markets for the first half [...]
Share New research by the Royal Bank of Canada (RBC) suggests that recession weary Canadians are divided on the future of the country’s economy; however there is much more hope for the year ahead. According to the data, 60% of people across Canada feel that the national economy will improve in 2010 after 2009 being [...]
Share Existing home sales in the Toronto area show a 28% increase in September compared to the year before, according to the figures released on Monday, by the Toronto Real Estate Board (TREB). TREB notes that 8,196 homes have traded hands during the month. The average price of an existing home is also up 10% [...]
Share Existing home sales in the Greater Toronto Area (GTA) rose 27% in August, helping boost sales in Ontario to 25.9% compared to the same period last year, according to the Canadian Real Estate Association (CREA). CREA reported that 18,067 homes traded hands, with average prices up 7.5% to $313,512. With low interest rates and [...]
